High levels of lithium and pathfinder elements found at Dynamic Metals’ Spargos East prospect
Special Report: The first round of assays from an 800 soil sampling program at two of Dynamic Metals’ Widgiemooltha prospects are showing up to 409 parts per million (ppm) Li2O.
After successfully completing an IPO in January this year raising $7 million, Dynamic Metals (ASX:DYM) has been aggressively exploiting its flagship Widegiemooltha project for lithium prospectivity.
The company says it’s systematically working through the lithium potential of the sizeable 880km2 tenure.
The tenement package contains four prospects – Pioneer Dome West, Franks Far South East (FFSE), Mandilla East and Spargos East – straddling an emerging and significant lithium belt in WA’s Goldfields region.
The explorer has now turned its attention to the Spargos East prospect, just 14km south of Mineral Resources’ (ASX:MIN) Mt Marion lithium mining and processing operations, where it recently completed a huge soil sampling program.
“This is a fantastic way for Dynamic to wrap up its first year of exploration. We know that we hold an exceptional tenement package in terms of location and mineral prospectivity, and can’t wait to see what 2024 brings.”
DYM collected 880 soil samples at the Spargos East and FFSE prospects in November, targeting lithium-caesium-tantalum (LCT) type pegmatites associated with the contact between volcaniclastic and mafic/ultramafic units.
The first 300 assays returned from Spargos East highlight a robust and consistent lithium anomaly in soils over 100ppm Li, with peak assays of 190 ppm (equivalent of 409ppm Li2O). The potential for LCT mineralisation is supported by rubidium (up to 492ppm), tantalum (up to 57ppm) and Caesium (up to 64ppm).
DYM says it will complete an infill phase of soil sampling to define potential drill targets for 2024, and review and complete any requirements for permitting in preparation of drilling.
This article was developed in collaboration with Dynamic Metals, a Stockhead advertiser at the time of publishing.
This article does not constitute financial product advice. You should consider obtaining independent advice before making any financial decisions.